With respect to each series of notes, the County Executive may take the following actions and make the following commitments on behalf of the County:
(1) to establish the principal amount and maturity of such series of notes and the rate of interest payable on the notes, all within the limitations prescribed in this subtitle;
(2) to reserve to the County the option to redeem any such series of notes in whole or in part at such times and upon the payment of such premiums as the County Executive may determine to be in the best interests of the County;
(3) to retain qualified bond counsel, whose qualifications are subject to approval by the County Attorney, to handle all legal proceedings with respect to the issuance and sale of any such series of notes and to pass on the validity of the issuance and sale, and to employ a qualified banknote company to print or engrave such notes in accordance with established standards, the cost of any such employment to be treated as specialized services;
(4) to appoint a bank having trust powers, or a trust company, having its principal or a branch office in the County, as paying agent for any such series of notes, such authority to include the power to agree with respect to the compensation of said paying agent for the services to be rendered by it and to appoint said bank or trust company as note registrar for any such series of notes; and
(5) to take such further actions and to execute and deliver such documents, instruments and certificates as are necessary and desirable in connection with the issuance of the notes.
(1985 Code, Art. 6, § 9-204) (Bill No. 13-89)